Russian Federation: Staff Report for the 2001 Article IV Consultation and Post-Program Monitoring Discussions
April 4, 2002
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This paper assesses the Russian Federation’s 2001 Article IV Consultation and Post-Program Monitoring Discussions. Improved economic performance and reduced external vulnerability were reflected in a strengthening of financial market indicators in 2001. The Russian stock market doubled in U.S. dollar terms, bond spreads narrowed significantly, and rating agencies upgraded Russia’s debt. The near- to medium-term outlook remains favorable. The recent successes in building up strong external and fiscal positions should enable Russia to deal with the current less favorable external environment with the prevailing policy framework.
Subject: Banking, Expenditure, Exports, Fiscal policy, Fiscal stance, Inflation, International trade, Oil prices, Prices
Keywords: CR, debt service, director, Europe, Exports, February, federal budget, Fiscal stance, Global, Inflation, ISCR, Oil prices, spending surge, surplus, surpluses of the federal government, tariff, utility tariff
Pages:
50
Volume:
2002
DOI:
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Issue:
074
Series:
Country Report No. 2002/074
Stock No:
1RUSEA0012002
ISBN:
9781451833003
ISSN:
1934-7685
